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DSP Merrill Lynch Mutual plans income fund

DSP Merrill Lynch Mutual plans income fund
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First Published: Thu, Mar 22 2007. 07 27 PM IST
Updated: Thu, Mar 22 2007. 07 27 PM IST
Reuters
Mumbai: DSP Merrill Lynch Fund Managers Ltd said on 22 March it will launch a closed-end income fund with a maturity of three months.
DSP Merrill Lynch Fixed Term Plan-Series1J will be available for subscription between 23-28 March, it said.
The fund will not charge any entry load but will levy an exit load of 0.75% for redemption before maturity, it added.
The fund house managed assets worth about Rs13,600 crore at the end of February, data from Association of Mutual Funds in India showed.
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First Published: Thu, Mar 22 2007. 07 27 PM IST
More Topics: Money Matters | Mutual Funds |